International Trade, Agriculture Systems, and Sustainability
Classified in Geography
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International Trade
International trade involves buying and selling goods from and to other countries.
External Debt
External debt refers to the money a country owes to external creditors.
Balance of Trade
Balance of trade reflects the difference between a country's exports and imports. If a country exports more than it imports, it has a trade surplus (positive balance). Conversely, if imports exceed exports, it results in a trade deficit (negative balance).
Systems of Agriculture
Crop Diversity
- Single crop (monoculture): This system involves cultivating only one type of crop.
- Multiple crops (polyculture): This system involves growing more than one product simultaneously.
Water Use
- Irrigated lands: These lands require artificial irrigation in addition